11 bedroom guest house for sale

Lincoln

£550,000

Property Description

Full description

Tenure: Freehold

EXCELLENT FREEHOLD GUEST HOUSE WITH LUXURY PRIVATE LIVING ACCOMMODATION
Many period features including original flooring and feature fireplaces
3 bedroom private living accommodation with large living space
Advised turnover £50,000 PA with good gross profit returns
Ideally situated in the centre of Lincoln
8 guest bedroom accommodation
Secluded rear parking facilities
Early interest is highly advised
Prime corner location property
Genuine reason for sale


Location
This truly exceptional freehold guest house with private living accommodation is situated in the beautiful city of Lincoln.

The business has an ideal trading location from being situated on one of the city’s main access roads which leads directly into the city centre.

The property also holds a prime corner location which adds to its high visibility to the masses that pass through the area on a daily basis. The neighbouring area has a fine display of homes with a good variety of commercial style businesses.

The area is considered by many to be one of the most desirable within the city of Lincoln. Just a few hundred yards from the guest house is the Brayford Marina which provides waterside dining to suit all tastes including Italian, Mexican, Indian, Oriental and traditional English. They are also 3 minutes away from the University campus making it an ideal location for visiting parents and lecturers.

Alongside these are numerous bars in various styles fit for all age groups, most serving pub style food in either traditonal or trendy modern surroundings.

The city centre of Lincoln is less than 10 minutes walk from the guest house and passing along the waterfront is the city centre shopping areas where there are a wide variety of shopping facilities including department stores and the high street with individual boutiques and national retailers.

Lincoln Castle, Cathedral and Theatre Royal all attract a good variety of visitors both foreign and domestic and are all within very easy reach of the guest house making it an ideal place to stay to enjoy the beat of the city.

Lincoln also benefits from being approximately 35 miles away from the M1 motorway which makes travelling and commuting very easy.


Business History

Meridian Business Sales are delighted to offer for sale this truly exceptional guest house which has a proud history dating back to the 1940s.

The business and property have been owned by our clients since 1998 and are only now placing it onto the market due to their strong desires for retirement.

The guest house achieves a very respectable advised annual turnover of £50,000. This is derived from offering quality accommodation to a wide range of customers throughout the year.

Our clients have always enjoyed excellent levels of repeat trade and have seen returning visitors year in year out.

The business also sees a good amount of new visitors from the businesses highly visible location, good Internet advertising and from good word of mouth recommendations.

Our clients have gone to considerable expense and effort on the properties presentation which has resulted in a truly beautiful property.

Our clients are very generously including all fixtures and fittings into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future.

Meridian Business Sales would like to urge very early interest in this opportunity as a guest house of this size rarely hits the market at such a favourable asking price.

We feel that this opportunity gives a new owner a fantastic base to build upon and offers a wonderful lifestyle change opportunity.


Financial Profile

Turnover: £50,000pa

Gross profit: 90%

Stock approximately: £500

Tenure

We are advised freehold

Opening Hours

Trades all year round



Accommodation
Beautifully presented property with private staircase to owners’ 3 bedroom accommodation plus 8 guest bedrooms off main staircase, briefly comprising of:

GROUND FLOOR
Iron gated entrance leading to open front area with two seating and dining areas, decorative flower beds and plants plus front door entrance/reception porch:

Front welcoming/reception area with original flooring and beautiful feature staircase. 2x offices, one with reception window. Linen storage room

Bedroom One - Family with en-suite toilet, shower and wash basin

Bedroom Two - Double with wash basin, shower and toilet in room

Spacious guest lounge with sizable seating space and feature fireplace.

Commercial kitchen with rear storage areas and staff toilet.

Large dining room with fitted serving area, 16 - 20 covers with well spaced tables and chairs plus floor to ceiling windows overlooking rear area.

Corridor accessing external door and private living areas plus visitor information area with leaflet display, large storage cupboard and door to external rear area.

FIRST FLOOR
Bathroom with toilet, shower and wash basin

Bedroom Three - Double with en-suite toilet, bath and wash basin

Bedroom Four - Double with en-suite toilet, bath and wash basin

Bedroom Five - Double with en-suite toilet, bath and wash basin

Bedroom Six - Grand double with toilet, shower and wash basin

Stairs access to second floor

SECOND FLOOR
Bedroom Seven - Double with seating area and en-suite bath, toilet and wash basin

Bedroom Eight - Family with seating area and en-suite toilet, shower and wash basin.

Self Contained Private Living Accommodation - Spaced over three floors is a ground floor bedroom, bathroom with toilet, bath and wash basin and a large double bedroom. Stairs to second floor leading to living room with decorative wooden ceiling and a large single bedroom with wash basin in room.

EXTERNAL
Private entrance and 2 x garage outbuildings, currently used for storage an additional gated entrance to private parking area with weather shield roof canopy plus parking spaces for 7+ vehicles. Private living access door. Decorative plants and trees throughout the perimeter.


Listing History

Added on Rightmove:
15 November 2010

Nearest stations

  • Lincoln Central (0.7 mi)
  • Hykeham (3.2 mi)
  • Saxilby (5.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Street View

Nearest stations

  • Lincoln Central (0.7 mi)
  • Hykeham (3.2 mi)
  • Saxilby (5.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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